Chinese carmaker Geely to take Zeekr unit private at $6.83 billion valuationUnder the agreement, Geely will acquire the remaining stake it does not already own for $2.687 per share, or $26.87 per American depositary...
15 Jul, 2025, 04.51 PM IST
First TikTok, now automakers. Does Volvo’s Chinese ownership threaten US national security?Volvo Car AB faces potential restrictions in the US market due to new regulations aimed at blocking Chinese entities from selling connected...
28 Jan, 2025, 11.32 AM IST
Renault, Geely create joint venture for hybrid, combustion enginesRenault and Geely's joint venture, HORSE Powertrain, aims to develop combustion and hybrid engines, bolstering competitiveness and addressi...
31 May, 2024, 04.25 PM IST
Zombie Chinese EV makers resurrected in ‘productive force’ pushOnly a third of the top dozen manufacturers hit their sales target last year, and the industry has been embroiled in a bruising price war t...
22 Mar, 2024, 09.55 AM IST
China launches powerful Jielong-3 rocket, paves way for more commercial missionsChinese Jielong-3 rocket successfully launches, delivering nine satellites into orbit. Geely Holding Group also launches 11 satellites to e...
03 Feb, 2024, 12.54 PM IST
Geely's EV brand Zeekr raises $500 million in first external fundingInvestors would jointly hold 5.6% stake in Zeekr, valuing the Chinese electric car maker at around $9 billion. The company doesn’t currentl...
28 Aug, 2021, 01.26 PM IST
Volvo Cars to buy parent Geely Holding's stake in China JVsUnder the deal, whose financial details were not disclosed, Volvo will have full ownership of its manufacturing plants in Chengdu and Daqin...
21 Jul, 2021, 04.43 PM IST
Geely and Foxconn to form auto partnership: SourcesTaiwan's Foxconn and Chinese automaker Zhejiang Geely Holding Group will form a partnership to provide contract manufacturing and consultan...
13 Jan, 2021, 01.22 PM IST
China's Baidu to create an intelligent EV company with automaker GeelyGeely will also be a strategic investor in the new company, which will be an independent subsidiary of Baidu.
11 Jan, 2021, 10.29 AM IST
Baidu plans smart EV company, to make cars at Geely plant: SourcesChina's Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturi...
08 Jan, 2021, 12.23 PM IST
Lotus debuts first-ever electric supercar, the Evija, with 1,972-horsepower at $2.1 millionThe car has five drive modes: Range, City, Tour, Sport, and Track.
17 Jul, 2019, 06.33 PM IST
Chinese billionaire poised to rescue Great British icon — LotusWhen sports cars gave way to SUVs, Lotus suffered. In a sign of how bleak things had gotten, Lotus’s British network of dealers sold an ave...
02 Sep, 2017, 12.48 PM IST
China begins construction of private funded high-speed railwayLocal governments will offer subsidies to ensure the project's smooth operation, and take ownership of the project after the franchise expi...
24 Dec, 2016, 08.38 PM IST
- China carmaker Geely's first-half sales soar
Chinese automaker Geely said Wednesday that its first-half sales soared on the back of booming demand in the world's largest car market.
25 Aug, 2010, 01.28 PM IST
- Ford sells Volvo unit to China's Geely for $2 bn
Geely wants to gain insights into Western vehicle development and manufacturing through buying a European brand.
24 Dec, 2009, 03.59 AM IST
- Ford confirms talks with potential Volvo buyers
Ford Motor Co is in talks with several potential buyers of its Swedish unit Volvo, a Ford spokesman said Wednesday.
25 Mar, 2009, 09.44 PM IST
- Ford may sell Volvo unit to China’s Geely to stay afloat
Ford Motor Co, seeking to raise cash to avoid a federal bailout, is in talks to sell its Volvo Car unit to China’s Geely Automobile Holding...
06 Feb, 2009, 12.40 AM IST